Property Description

Well-maintained 22,000 SF multi-tenant industrial investment in two buildings at 123-125 Industrial Park Dr.Building 123 (12,000 SF) fronts Industrial Park Dr and has three bays. Unit A (3,000 SF) is leased to Zahner Gym. Unit B (6,000 SF) is vacant and ready for a new tenant or owner-user. Unit C (3,000 SF) is leased to Fastenal. Every unit has street frontage and rear access through a 10'x14' overhead door.Building 125 (10,000 SF) sits directly behind Building 123. One tenant leases both 5,000 SF suites. Each suite has a 10'x14' overhead door on the front and a 10'x14' overhead door at the rear, which suits vehicles, equipment and large deliveries.Ownership has put about $90,000 into capital improvements since 2023, which cuts a Buyer's near-term capital needs:Parking lot resealed and restripedNew HVAC in Suites 123B, 123C and Building 125LED lighting and a new water heater in 123CFull renovation of 123A in 2024: HVAC, lighting, paint, expanded restroom and demising wallsAnother HVAC replacement in 123B in 2026New water heater in 125B in 202616,000 SF is leased, including a national tenant, and the 6,000 SF vacancy offers immediate upside. The property fits an investor looking for in-place income with value-add potential, or an owner-user who wants to occupy space while collecting rent from established tenants. Seller will guarantee rent of vacant 6,000 sf for 6 months allowing ample time to find a replacement tenant.

Property Features